A major Turkish bank – Halkbank has been criminally charged by the federal prosecutors in New York. The charges against Halkbank were announced on Tuesday. The federal prosecutors claimed that Halkbank helped run a scheme allowing Iran to spend proceeds from oil sales in the international markets between 2012-2016, which violated the US sanctions. It allowed Iranian oil proceeds to be used by the Tehran government to buy gold.
Manhattan U.S. Attorney Geoffrey Berman told that the bank’s
systemic participation in the illicit transactions worth of Iranian oil revenue
was designed and executed by senior bank officials.
As per the reports, Halkbank was charged (on Tuesday) in a six-count indictment - fraud, money laundering, and four counts of sanctions offenses related to the bank’s involvement in a multibillion-dollar scheme to evade U.S. sanctions on Iran.
Source - Fox News
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